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NSE market indices depreciate further

by Business News Report

The market indicators of the Nigerian Stock Exchange (NSE) on Tuesday depreciated further dropping by 0.28 per cent as some blue chip equities recorded price losses.
The All-Share Index declined by 119.35 points or 0.28 per cent to close at 42,664.95 against 42,784.30 posted on Monday. Similarly, the market capitalisation which opened at N14.127 trillion lost N40 billion to close at N14.087 trillion. An analysis of the price movement chart indicated that Dangote Cement led the losers’ chart with a loss of N2.50 to close at N238 per share.
Ashaka Cement came second with N1.54 to close at N31.46, while International Breweries lost N1.45 to close at N28.05 per share. Unilever dipped by N1.14 to close at N49, while Forte Oil dropped 54k to close at N226.46 per share.
Conversely, Total Oil topped the gainers’ chart, gaining N9.30 to close at N195.50 per share. Mobil Oil garnered N8.51 to close at N178.84, while Lafarge Wapco rose by N1 to close at N120 per share.
Nigerian Breweries increased by 91k to close at N178, while CCNN improved by 60k to close at N12.64 per share. Transcorp for the third consecutive day remained the most traded stock, accounting for 85.17 million shares worth N483.84 million in 664 deals.

Afriprud recorded a turnover of 42.34 million shares valued N1.85 billion in 58 deals, while Access Bank sold 32.09 million shares valued N315.94 million in 254 deals.
In all, a total of 430.136 million shares worth N4.01 billion were traded by investors in 6,323 deals against the 535.076 million shares valued at N4.37 billion traded in 5,862 deals on Monday.

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